The rising internet connectivity, increasing adoption of smartphones, and the advent of high bandwidth network connectivity, such as 5G, have further increased the demand of the gaming market across the globe. Game developers across emerging economies are continually striving to enhance the gaming experience by launching and rewriting codes for diverse console/platforms such as PlayStation, Xbox, and Windows PC, incorporated into a standalone product provided to gamers through a cloud platform. They are enhancing the way games are created and improving the overall gaming experience of the users. Video gaming trends are experiencing a massive surge in players and revenue.Ĭontinuous technological advancements in the gaming industry are significantly propelling the industry's growth. Thus, these platforms attracted hundreds and thousands of new visitors to online traffic. Due to nationwide lockdowns implemented because of the COVID-19 pandemic, some people turned to game platforms to pass the time. The Gaming Market was valued at USD 198.40 billion in 2021, and it is expected to reach a value of USD 339.95 billion by 2027, registering a CAGR of 8.94% over 2022-2027. DUBLIN-( BUSINESS WIRE)-The "Gaming Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022-2027)" report has been added to 's offering.
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